Mixed-Use Building with
For Sale
$1,750,000
350 Malcolm X Boulevard, Brooklyn, NY 11233
Mixed-use property combining an occupied commercial storefront with two one-bedroom residential apartments.
Property Size3,572 SF
Price / SF$489.92
Days on Market112
Property Features for 350 Malcolm X Boulevard
General Information
Standard status
Active
Size
3,572 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,772
Building Details
Building Size
3,572 SF
Year Built
1901
Listing Agency:
Compass
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Source:
Penrealty
Added: Jun 29
Changed: Oct 12
Last Checked: Oct 16 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This 3,572-square-foot mixed-use building, constructed in 1901, combines a ground-floor retail space with two floor-through one-bedroom apartments above. The storefront is occupied by a commercial tenant, providing an established retail component alongside the residential units.
The property is located at 350 Malcolm X Boulevard in Brooklyn’s Bedford-Stuyvesant neighborhood, along a corridor with cafes, restaurants, and independent retailers. Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge are identified nearby. Fulton Park and Saratoga Park provide access to green space, athletic facilities, playgrounds, and community programming.
Public transportation access includes the A and C subway lines at Utica Avenue and the J train at Halsey Street, with service toward Downtown Brooklyn and Manhattan.
The property is located at 350 Malcolm X Boulevard in Brooklyn’s Bedford-Stuyvesant neighborhood, along a corridor with cafes, restaurants, and independent retailers. Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge are identified nearby. Fulton Park and Saratoga Park provide access to green space, athletic facilities, playgrounds, and community programming.
Public transportation access includes the A and C subway lines at Utica Avenue and the J train at Halsey Street, with service toward Downtown Brooklyn and Manhattan.
Key Highlights
- 3,572‑square‑foot mixed‑use building at 350 Malcolm X Boulevard
- Ground‑floor retail space occupied by a commercial tenant
- Two floor‑through one‑bedroom apartments on the upper levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,664
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,593,280
$2.6M
Cap Rate 7%
$1,852,343
$1.9M
Cap Rate 9%
$1,440,711
$1.4M
Market Conditions
NOI Build-Up for 3,572 SF
Gross rent
$235.8K $66.00/SF
− Vacancy
−$28.3K −$7.92/SF
EGI
$207.5K $58.08/SF
− OpEx
−$77.8K −$21.78/SF
NOI
$129.7K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,593,280
Cap Rate 7%
$1,852,343
Cap Rate 9%
$1,440,711
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,294 @ 7.0% cap · market cap 9.79%
Second Best
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,664 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,033 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combining an occupied commercial storefront with two one-bedroom residential apartments.
Where is this mixed-use property located?
The property is located at 350 Malcolm X Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,572‑square‑foot mixed‑use building at 350 Malcolm X Boulevard; Ground‑floor retail space occupied by a commercial tenant; Two floor‑through one‑bedroom apartments on the upper levels
